Raj Oil Mills IPO to open for subscription on July 20, 2009

The Initial Public Offering of Raj Oil Mills Limited will open for subscription by investors on Monday - July 20, 2009. The IPO closes for subscription on July 23, 2009.

The company has come out with IPO of 95,00,000 EQUITY SHARES of Rs 10 each for cash at a price band of Rs 100 To Rs 120 through 100% book building process.

Karvy Investor Services Limited is the Book Running Lead Manager to the issue. India Capital Markets Private Limited, PL Capital Markets Private Limited are the Co-Book Running Lead Managers to the issue.

Karvy Stock Broking Limited, Prabhudas Lilladher Private Limited & SMC Global Securities Limited are the Syndicate Members to the issue. Bigshare Services Private Limited is the registrar to the issue.

The Rating Agency ICRA Limited has assigned IPO Grading of Grade 2 to the company's issue.

Source : Equity Bulls

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